Press release
Automotive Electronic Devices Market Poised for Growth Projected to Reach USD 495.64 Billion by 2030 at a 7.30% CAGR
Automotive Electronic Devices Market
Global Market Overview The global automotive electronic devices market is experiencing a transformative phase, projected to grow at a Compound Annual Growth Rate (CAGR) of 7.30% during the forecast period from 2024 to 2030. The market, valued at USD 302.67 billion in 2023, is expected to surpass USD 495.64 billion by 2030, driven by advancements in autonomous driving technologies, electrification of vehicles, and increased demand for connected car systems.
This press release delves into regional insights, focusing on key countries like Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe, covering recent mergers and acquisitions, trends, and growth opportunities.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/102497/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's burgeoning automotive industry has witnessed a significant influx of foreign direct investments aimed at boosting local manufacturing capabilities. The partnership between ๐๐ข๐ง๐ ๐๐ฌ๐ญ and ๐๐จ๐ฌ๐๐ก has emerged as a pivotal development, enhancing the adoption of advanced electronic devices in domestic and export-bound vehicles. With government incentives supporting the electric vehicle (EV) ecosystem, Vietnam offers immense growth potential for automotive electronic device manufacturers.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is rapidly advancing in the EV sector, spurred by government policies promoting sustainable mobility. Recent investments by ๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐ in its Bangkok R&D center underscore the country's commitment to technological innovation. With an increasing emphasis on smart infotainment systems and advanced driver-assistance systems (ADAS), Thailand is becoming a regional hub for automotive electronic devices.
๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan remains a leader in automotive electronics, driven by its robust R&D infrastructure and innovative prowess. Companies like ๐๐๐ง๐ฌ๐จ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ are spearheading the integration of artificial intelligence and IoT in vehicles. Recent collaborations between ๐๐จ๐ฒ๐จ๐ญ๐ and ๐๐๐ ๐๐๐ฆ๐ข๐๐จ๐ง๐๐ฎ๐๐ญ๐จ๐ซ๐ฌ have focused on enhancing semiconductor applications in autonomous driving.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/102497/
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐ข๐ง๐
China, the world's largest automotive market, is witnessing consolidation in its automotive electronic devices sector. The merger between ๐๐๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ and ๐๐ฎ๐ข๐ณ๐ก๐จ๐ฎ ๐๐๐ฌ๐๐ฒ ๐๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ highlights the industry's push for synergies and scale. Additionally, government initiatives supporting EV production and smart vehicle technologies are propelling China's dominance in this market.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is at the forefront of 5G-enabled automotive technologies, with companies like ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐๐ข๐ฌ and ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐๐ข๐ฌ leading innovations in vehicle connectivity. Recent partnerships between ๐๐ข๐ ๐๐จ๐ญ๐จ๐ซ๐ฌ and ๐๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ have accelerated the adoption of battery management systems and smart vehicle components, enhancing the market's growth trajectory.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's strategic focus on autonomous vehicles has spurred investments in automotive electronic devices. Initiatives by ๐๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ and ๐๐๐๐๐๐ in developing real-time data processing systems for smart vehicles are setting benchmarks in innovation. Singapore's commitment to smart urban mobility makes it an emerging market for automotive electronic solutions.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/102497/
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US automotive electronic devices market is driven by demand for ADAS and connected car technologies. Companies like ๐ ๐จ๐ซ๐ and ๐๐๐ง๐๐ซ๐๐ฅ ๐๐จ๐ญ๐จ๐ซ๐ฌ are investing heavily in integrating advanced electronics into their EV lineups. Noteworthy acquisitions, such as ๐๐ง๐ญ๐๐ฅ'๐ฌ purchase of ๐๐จ๐๐ข๐ฅ๐๐ฒ๐, are reshaping the competitive landscape and fostering innovation.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's focus on sustainability and green mobility has fueled growth in automotive electronics. The merger of ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐ and ๐๐ ๐ ๐ซ๐ข๐๐๐ซ๐ข๐๐ก๐ฌ๐ก๐๐๐๐ง ๐๐ has created opportunities for developing energy-efficient automotive solutions. Governments' stringent emission regulations further drive the adoption of advanced vehicle electronics in the region.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-automotive-electronic-devices-market/102497/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ
Electronic Control Unit
Sensors
Current Carrying Devices
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
ADAS
Infotainment
Body Electronics
Safety Systems
Powertrain Electronics
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
OEM
Aftermarket
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Robert Bosch
2. Renesas Electronics Corporation
3. Infineon Technologies AG
4. STMicroelectronics N.V.
5. Texas Instruments
6. NXP Semiconductors N.V.
7. Continental AG
8. NVIDIA Corporation
9. Hitachi Ltd.
10. Aptiv PLC.
11. DENSO Corporation
12. Hella GmbH& Co. KGaA
13. Visteon Corporation
14. Xilinx, Inc.
15. ZF Friedrichshafen AG
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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